earnings
confidence high
sentiment neutral
materiality 0.65
Fastenal Q3 net sales up 10% to $1.55B; EPS $0.42; lowers Onsite and FMI guidance
FASTENAL CO
2021-Q3 EPS reported
$1.20
revenue$4,479,000,000
- Q3 net sales $1,554.2M, up 10.0% YoY; diluted EPS $0.42 vs $0.38 (+9.7%).
- Gross margin improved 100bps to 46.3% due to overhead leverage and product mix.
- Fastener daily sales rose 20.2% YoY; safety product daily sales declined 2.9%.
- Onsite signings guidance lowered to 285-325 from 300-350; FMI MEU signings guided to 20,500-22,000 from 23,000-25,000.
- Digital Footprint (FMI + e-commerce) accounted for 43.7% of Q3 sales; e-commerce daily sales up 43.4%.